Question: Using Excel to Cost Inventory PROBLEM In its first month of operations, McLanie Company made three purchases. Student Work Area Information concerning these purchases and

Using Excel to Cost Inventory

PROBLEM

In its first month of operations, McLanie Company made three purchases.

Student Work Area

Information concerning these purchases and units on hand are:

Purchases of merchandise were made in the sequence listed above.

Required: Provide input into cells shaded in yellow in this template.Use only mathematical formulas with cell references to compute the unit cost and the cost of ending inventory.

Compute the cost of the ending inventory under the average

-

cost method in a periodic inventory system.

Using Excel to Cost Inventory PROBLEM In its

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